Heritage Wealth Management LLC Has $92,000 Holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Heritage Wealth Management LLC lifted its holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 39.7% during the third quarter, HoldingsChannel.com reports. The firm owned 2,719 shares of the financial services provider’s stock after purchasing an additional 773 shares during the period. Heritage Wealth Management LLC’s holdings in Seacoast Banking Co. of Florida were worth $92,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Selective Wealth Management Inc. raised its position in shares of Seacoast Banking Co. of Florida by 90.0% in the third quarter. Selective Wealth Management Inc. now owns 1,900 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 900 shares during the period. US Bancorp DE grew its stake in Seacoast Banking Co. of Florida by 12,205.0% during the second quarter. US Bancorp DE now owns 2,461 shares of the financial services provider’s stock worth $85,000 after buying an additional 2,441 shares in the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of Seacoast Banking Co. of Florida by 408.3% in the third quarter. Advisor Group Holdings Inc. now owns 3,802 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 3,054 shares during the last quarter. Destiny Wealth Partners LLC bought a new position in Seacoast Banking Co. of Florida in the 3rd quarter valued at approximately $176,000. Finally, Royal Bank of Canada raised its holdings in Seacoast Banking Co. of Florida by 48.6% in the 2nd quarter. Royal Bank of Canada now owns 5,187 shares of the financial services provider’s stock valued at $178,000 after buying an additional 1,697 shares during the last quarter. 81.64% of the stock is currently owned by institutional investors and hedge funds.

SBCF has been the subject of several recent analyst reports. B. Riley downgraded shares of Seacoast Banking Co. of Florida from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research report on Wednesday, October 6th. Zacks Investment Research downgraded shares of Seacoast Banking Co. of Florida from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Raymond James boosted their price objective on Seacoast Banking Co. of Florida from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, November 1st.

Shares of Seacoast Banking Co. of Florida stock opened at $39.15 on Friday. Seacoast Banking Co. of Florida has a 52-week low of $29.28 and a 52-week high of $40.93. The stock’s 50-day simple moving average is $35.84 and its 200 day simple moving average is $33.90. The stock has a market capitalization of $2.28 billion, a P/E ratio of 18.73 and a beta of 1.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 0.84.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its quarterly earnings data on Wednesday, October 27th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.09). Seacoast Banking Co. of Florida had a net margin of 33.56% and a return on equity of 10.83%. The firm had revenue of $90.35 million during the quarter, compared to the consensus estimate of $85.84 million. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Equities research analysts forecast that Seacoast Banking Co. of Florida will post 2.23 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 31st. Shareholders of record on Wednesday, December 15th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Tuesday, December 14th. Seacoast Banking Co. of Florida’s payout ratio is presently 24.88%.

In other Seacoast Banking Co. of Florida news, Chairman Dennis S. Hudson III sold 8,000 shares of Seacoast Banking Co. of Florida stock in a transaction dated Tuesday, November 2nd. The stock was sold at an average price of $37.32, for a total transaction of $298,560.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is owned by insiders.

About Seacoast Banking Co. of Florida

Seacoast Banking Corp. of Florida is a financial holding company, which engages in the provision of integrated financial services. It provides banking and investment services to businesses and consumers, including personal and business deposit products, Internet and mobile banking, personal, commercial and mortgage loans, wealth management services, and treasury management solutions.

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Institutional Ownership by Quarter for Seacoast Banking Co. of Florida (NASDAQ:SBCF)

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